A wrecking yard, auto salvage yard or breakers yard, (sometimes also known as a junkyard), is the location of an auto dismantling business where wrecked or decommissioned vehicles (most commonly automobiles, but junkyards for motorcycles, bicycles, small planes and boats exist too) are brought, their usable parts are sold for use in operating vehicles, while the unusable metal parts, known as scrap metal parts are sold to metal recycling companies.

In a "very optimistic scenario" and if the economy and financial markets offer particularly favorable conditions, both companies might be able to accelerate the merger, VW Finance Chief Hans Dieter Poetsch told the paper's Monday edition.

Porsche will deliver "very impressive" results for its operating business for the 2009 financial year and the combined group might beat its target and become world market leader before 2018, Poetsch said.

The finance chief said the merged entity will seek cost synergies through joint purchase and logistics, closer cooperation in financial services, joint development projects and the use of similar modules in both groups, die Welt reported.

While these cost synergies will be achieved "swiftly", revenue synergies will take some three years to achieve, Poetsch said, according to Die Welt.